Burger King to Buy Tim Hortons for about $11 Billion

Bloomberg Business

Cahill represented the financing sources in bank loan and bond issuance transactions with an aggregate value of $9 billion, to fund the acquisition of Canadian coffee giant Tim Hortons by Burger King. On the bank side, Cahill represented JPMorgan Chase Bank and the group of lead arranging banks in a $6.75 billion bank financing, to fund the acquisition. In connection with the bond deal, Cahill represented Wells Fargo Securities and the other initial purchasers in offering $2.25 billion in second lien senior secured notes due 2022, to also fund the acquisition.